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Dexter Industries purchased packaging equipment on January 8 for $141,200. The equipment was expected to have a useful life of four years, or 4,800 operating
Dexter Industries purchased packaging equipment on January 8 for $141,200. The equipment was expected to have a useful life of four years, or 4,800 operating hours, and a residual value of $11,600. The equipment was used for 1,680 hours during Year 1, 1,008 hours in Year 2, 1,344 hours in Year 3, and 768 hours in Year 4.
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